SUMEDANG BAGUS - Acting (Pj) Regent of Sumedang, Yudia Ramli, attended the Coordination Meeting of Regional Heads throughout West Java which was held at Resinda by Padma Hotel, Karawang, Thursday, 14 November 2024. This meeting was chaired by the Acting Governor of West Java, Bey T. Machmudin, with theme "Synchronization of National and Regional Development Policy Direction." Also attending the event was the Regional Secretary of West Java, Herman Suryatman, as well as all regional heads from 27 cities and districts in West Java. This coordination meeting discusses a number of strategic issues, such as: Increasing investment capacity, Natural resource management, Strengthening the economic, education and health sectors. The Acting Governor of West Java emphasized the importance of collaboration between the central and regional governments to achieve optimal development goals. "Solid cooperation between the center and the regions is the key to successful development in West Java. Regional policies must be in line with national policies so that development targets are achieved," said Bey. Responding to this direction, Acting Regent of Sumedang Yudia Ramli expressed his commitment to accelerate priority programs in Sumedang Regency. The main focus is infrastructure, economy, poverty alleviation, stunting, and improving public services. "This meeting provides important direction that will serve as a guide for us in aligning our regional development vision with national policy," said Yudia. Yudia also highlighted that the success of development in Sumedang cannot be separated from the use of valid data. Sumedang Regency is currently in the top five districts with the highest achievements in West Java, both in expenditure and income. "With valid data, development programs can be more measurable, especially to overcome extreme poverty and improve public health," he said. Sumedang's participation in this Coordination Meeting strengthens the region's commitment to synergize with central government policies. It is hoped that this collaboration can accelerate the realization of programs that have a direct impact on improving the quality of life of the community. The Acting Regent of Sumedang stated that the strategic steps resulting from this Coordination Meeting would become a reference for ensuring sustainable and equitable development in Sumedang. (SOURCE)
Nov, 18 2024
The Bekasi Regency Government and the local DPRD are currently preparing a draft regional regulation (Raperda) providing incentives and making investment easier for investors. The Draft Regional Regulation, which will become a Regional Regulation, will come into force in 2025, so that domestic and foreign investors will have certainty about the legal umbrella for investment in Bekasi Regency. "We want to create a legal basis for providing incentives to investors to create jobs and strengthen the regional economy," said the Acting Regent of Bekasi, Dedy Supriyadi, quoted Thursday (7/11/2024). According to Dedy, these regulations are needed to create a conducive investment climate by prioritizing the principles of sustainability and community welfare. And this is one of our priorities, he added. To speed up the discussion of the Draft Regional Regulation, it will continue with discussions on the Budget Agency (Banggar) and the Special Committee (Pansus) of the Bekasi Regency DPRD. In future Special Committee meetings, all relevant regional apparatus will assist so that it can run smoothly as expected. In this way, investors who will invest their capital in Bekasi will feel safe and conducive. In recent records, Bekasi Regency has succeeded in attracting investors to invest. In 2024, the investment realization target of IDR 50 trillion has been successfully achieved. (SOURCE)
Nov, 18 2024
REPUBLIKA.CO.ID, BANDUNG -- Deputy Chairman of the West Java Provincial DPRD from the Prosperous Justice Party (PKS) faction, Iwan Suryawan criticized the still high level of open unemployment (TPT) in West Java for the August 2024 period which reached 6.75 percent, the highest compared to the national level of 4.91 percent. Based on data from the West Java Central Statistics Agency (BPS), it is stated that the high TPT is contributed by the non-absorption of the workforce at the Vocational High School (SMK) education level, namely 12.74 percent. West Java Province BPS data states that when viewed based on the highest level of education completed. TPT in August 2024 has the same pattern as August 2023. In August 2024, TPT from Vocational High School graduates still contributed the highest figure compared to graduates of other levels of education, namely 12.74 percent. "Not matching (in harmony) between vocational school graduates and industry needs is one of the causes of still high unemployment at the vocational school level," said Iwan Suryawan in Bandung City, West Java, Monday (11/11/2024). There needs to be goodwill from the West Java Provincial Government (Pemdaprov) to overcome the high TPT in West Java. Apart from having to match the vocational school education curriculum with current industrial needs, investment entering West Java is also expected to be able to absorb the workforce, one of which is at the vocational school level where unemployment is still high. "So perhaps this should be a joint study on how to increase job opportunities more widely by following today's economic developments and the development of technology-based (capital-intensive) jobs," stressed Iwan Suryawan. Apart from that, his party also criticized the wave of layoffs (PHK) that occurred recently due to various factors. Such as the relocation of several factories in West Java to other areas, imported products eroding local products to the point that employers consider the wage burden to be too high. "Of course this is related to government policy and employment policy, slowing economic growth conditions, wage costs and all kinds of things," he said. Indeed, almost all employees want better wages for welfare. However, there are several things to consider, namely, regarding the capabilities of the company, the goodwill of the company, both parties must be equally accommodated (regarding the wage burden for employers and welfare for workers) that must be considered. (SOURCE)
Nov, 15 2024
MAJALENGKA, TINTAHIJAUcom – Majalengka Regency Public Service Mall (MPP) is certain to be ready to serve the public starting next week. This is because the Majalengka Regency Government (Pemkab) plans to hold a soft opening of the MPP in the near future. Acting Regent of Majalengka, Dedi Supandi, said that the MPP would provide approximately 15 types of services from OPD within the Majalengka Regency Government to vertical agencies ranging from the Ministry of Religion, BPN, Immigration, Bank BJB, and others. These include business permits, electronic KTP recording, student transfers, health facility permit verification, KIP recommendations, subsidized fuel recommendations, building approvals, making district plan certificates, transportation permits, environmental management statements, and taxpayer registration. "Including Hajj registration provided by the Majalengka Ministry of Religion, information on the land certificate process from BPN Majalengka, passport making from the Immigration Office, and Bank BJB which opens banking services at the MPP," he said, Tuesday (12/11/2024). His party also accelerated the development of the MPP within six months, because Majalengka Regency is one of seven out of 27 regions in West Java that does not yet have an MPP. So the Ministry of PANRB and the West Java Provincial Government issued a circular so that all regional governments have MPP this year. He said, in terms of human resources (HR) service officers at MPP outlets would also be prepared by each agency, and given regular training so that they could provide optimal service to the community. "We hope that the presence of MPP will have a positive impact on improving the community's economy, and make it easier to invest so that the investment value in Majalengka Regency increases," he said. The theme related to MPP was also brought up in the 10th episode of Majalengka Talking (Mabar) which took place at the Yudha Building, Majalengka Regency Government, Tuesday (12/11/2024). On this occasion, the Acting Regional Secretary of Majalengka Regency, Aeron Randi, was the resource person. He said that the presence of the MPP was to improve the quality of public services within the Majalengka Regency Government which has now received a very good assessment from the West Java Provincial Government with a score of 83. Apart from that, the MPP is an effort to integrate public services which were previously spread across various OPDs to vertical agencies. "If all this time you have to go round and round to each service, now you can just go to one place, namely MPP, because all the services are there. "The building concept is also a modern industrial space, and fun because the paint is colorful, so the people who come are also happy," he explained. Aeron confirmed that the Majalengka Regency Government is also preparing a plan to develop MPP, and increase the number of service outlets to 20 - 25 units in the future. Especially those related to licensing services to provide certainty to the public regarding licensing activities and ease of investment in Majalengka Regency. "This investment climate must be maintained to ensure that Majalengka Regency is truly investor friendly. "So that all permits related to investment, from spatial planning, environmental AMDAL, traffic AMDAL, and others can be processed, including export permits, also at MPP," he concluded. (SOURCE)
Nov, 15 2024
PORTALJABAR, KOTA BANDUNG - Acting Governor of West Java Bey Machmudin attended the West Java Provincial DPRD Plenary Meeting at the West Java DPRD building, Bandung City, Friday (8/11/2024). In the plenary meeting, Bey expressed his appreciation for the DPRD's approval of the 2025 Regional Regulation Formation Program (Propemperda), which includes nine draft regional regulations (ranperda) proposed by the West Java Provincial Government. "We have proposed 11 draft regional regulations to be discussed in 2025 through a letter dated 17 October 2024. Of these proposals, nine draft regional regulations were agreed to be accommodated in the 2025 Propemperda," said Bey Machmudin. One of the nine regional regulations is the Regional Regulation on the Regional Medium Term Development Plan (RPJMD) for West Java Province for 2025-2029. Apart from that, there are two other draft regional regulations, namely the Draft Regional Regulation on Investment and Ease of Doing Business, and the Draft Regional Regulation on Amendments to the Regional Regulations of West Java Province Number 2 of 2019 concerning the General Regional Energy Plan, which are still in the process of being discussed at the Special Committee (Pansus) level, which is launch of Propemperda 2024. Bey said that several proposed regional regulations had a strategic role in strengthening Regional Owned Enterprises (BUMD) and supporting infrastructure development in West Java, including regional regulations regarding the management of West Java International Airport (BIJB) and Kertajati Aerocity. The draft regional regulation was prepared as a follow-up to the full operation of Kertajati Airport, Majalengka Regency, following the transfer of flights from Bandung, which is projected to increase the need for working capital and investment. "In addition to strengthening airport management, the draft regional regulation also harmonizes the provisions of Government Regulation Number 54 of 2017 concerning BUMD," he said. Bey also emphasized the importance of the draft regional regulations related to PT Agronesia to increase the company's authorized capital so that it can strengthen capacity and increase profits. Even so, he appreciates the DPRD's decision to postpone the draft regional regulation on capital participation, taking into account various aspects. At the end of his speech, Bey Machmudin also expressed his appreciation to the West Java DPRD, especially the Regional Regulation Formation Agency (Bapemperda) which has worked hard in coordinating the discussion and review of the regional regulation draft. "We, on behalf of the West Java Provincial Government, express our appreciation to the Leadership and Members of the Bapemperda DPRD of West Java Province who have coordinated the discussion and study of the 11 draft regional regulations proposed for the propemperda," concluded Bey. The following are the nine regional regulations agreed in the 2025 Propemperda: Ranperda concerning the Regional Medium Term Development Plan (RPJMD) for West Java Province for 2025-2029. Ranperda concerning the Implementation of Non-Metal and Rock Mineral Mining Business Activities. Ranperda concerning the West Java Province Tourism Development Master Plan for 2026-2045. Ranperda on the Implementation of Population Administration. Ranperda concerning West Java International Airport Limited Liability Company and Kertajati Aerocity (Perseroda). Ranperda concerning Capital Participation of the West Java Provincial Government to PT Bandarudara Internasional West Java (Perseroda). Ranperda concerning Amendments to Regional Regulation Number 12 of 2017 concerning PT Agronesia (Regional Liability Company). Draft Regional Regulation on Surface Water Use. Draft Regional Regulation on Gender Mainstreaming. (SOURCE)
Nov, 15 2024
tirto.id - The Ministry of Investment/Investment Coordinating Board (BKPM) noted that national investment realization in the third quarter of 2024 reached IDR 431.48 trillion, growing 15.24 percent from the same period in the previous year (year on year/yoy) which was valued at IDR 374.4 trillion. . Investment realization in the third quarter was recorded at 26.15 percent of the target set by the government, amounting to IDR 1,650.0 trillion. Meanwhile, compared to the 2024 strategic plan (renstra) target of IDR 1,239 trillion, investment realization in the third quarter of 2024 reached 33.36 percent. "The contributions from Java (and) outside Java are listed here, they are almost the same if we look at them. Almost 50-50 percent, although from outside Java it is slightly better, 50.7 percent or IDR 218.8 trillion and also for Java it is IDR 212.7 trillion. "On average, the increase in Java is also 15.9 percent and outside Java 14.6 percent," explained the Minister of Investment/Head of BKPM, Rosan P Roeslani, in the Third Quarter 2024 Investment Realization Press Conference, at his office, Jakarta, Tuesday (15/10 /2024). If detailed, the five sub-sectors that recorded the largest investment realization in the third quarter of 2024 include the transportation, warehouse and telecommunications sub-sectors worth IDR 58.45 trillion; basic metal industry, metal goods, non-machinery and equipment Rp. 55.87 trillion; mining IDR 44.64 trillion, chemical and pharmaceutical industry IDR 31.61 trillion, and food industry IDR 31.30 trillion. "Between PMA, foreign investment and domestic investment (PMDN), foreign investment has indeed increased more significantly compared to the previous year, namely 18.5 percent and the amount is 53.9 percent of the total investment coming in in the third quarter," said Rosan. Based on his records, PMA in the third quarter of 2024 was IDR 232.7 trillion. As for PMDN, it was recorded at IDR 198.8 trillion, experiencing lower growth, namely 11.6 percent and a contribution to total national investment of 46.51 percent. If we look at the region, the largest investment realization was still contributed by Jakarta, reaching IDR 71.35 trillion or a contribution of 16.54 percent. Next followed by West Java with an investment value of IDR 56.58 trillion, East Java with a total investment of IDR 39.69 trillion, Central Sulawesi worth IDR 38.79 trillion, and Banten IDR 25.19 trillion. "Of course, this is something we will tell you about because there is a downstream program that is going very well," added Rosan. (SOURCE)
Nov, 15 2024
Residential areas that are easy to reach from centers of economic activity become magnets for the community. Therefore, determining location is very important in choosing a place to live for easy daily accessibility. In Bandung, West Java, one of the areas that is currently developing is South Bandung, which directly borders Bandung Regency, as a buffer area. The Bandung Regency area is also strategic because it is the economic pulse with the presence of many manufacturing industries which according to data from the Central Statistics Agency (BPS) absorb more than 660 thousand workers. Industries located in the area range from garments, food and beverages, printing to other national scale industries. Industrial areas often have a large population and this has an impact on high demand for housing because it makes it easier in terms of accessibility. This opens up prospects for the development of the surrounding property. One of the developers in Bandung, namely Matahariland (PT Mentari Agung Mandiri) created the newest residential project, namely Bumi Siliwangi, which is located on Jalan Siliwangi, Baleendah District, Bandung Regency. The area currently being built, namely the Padjajaran Cluster, had its groundbreaking carried out on Monday (4/11). "We really maintain our reputation because we believe that trust from customers is very important. We even started construction on the latest Bumi Siliwangi project with ground breaking before launching," said Matahariland's General Manager of Sales and Marketing, Irving Baradian Tantoso. With more than 15 years of experience and 20 successfully built projects, Matahariland continues to strive to meet people's demand for comfortable, modern and quality housing. Matahariland is trying to prove that it is a consistent developer by successfully selling more than 4,000 housing units. Bumi Siliwangi's location is strategic because it is surrounded by industrial areas stretching across Dayeuhkolot, Tegalluar, Rancaekek, to national strategic industrial locations in South Bandung. Toll road access is adjacent to the Padaleunyi Toll Road. The nearest health facilities are also affordable, including Al Ihsan Hospital, West Java Province and Muhammadiyah Hospital, South Bandung. The location is also close to Telkom University. According to Irving, property investment has a big influence on occupancy in the surrounding neighborhood and in the residential area itself. Conditions in the area around the location that continue to progress are usually accompanied by further development of infrastructure and public facilities. “One of the important things in property investment is occupancy. Because this occupancy greatly influences future prices. Occupancy greatly influences comfort and price. In terms of investment, launching the project is not the only factor but also the occupancy of the area. "If the occupancy is high, it means it is promising in terms of investment and comfort," said Irving. (SOURCE)
Nov, 15 2024
JAKARTA - MG Motor Indonesia emphasized its commitment to strengthening the electric vehicle market in Indonesia. This commitment was realized through the inauguration of the electric car battery assembly facility built with UABS Indonesia. The assembly facility is located in Greenland International Industrial City (GIIC), Kota Deltamas, Cikarang, Bekasi, West Java. To realize this assembly line, the two companies injected investment worth IDR 110 billion. "UABS investment reached 50 million yuan or around IDR 110.8 billion. We also see that President Prabowo really supports renewable energy. I am sure that Mr Prabowo can encourage the government to accelerate the development of energy and electric vehicle batteries in Indonesia," said Guo Junhua, Managing Director UABS Co. LTD, at the inauguration ceremony in Cikarang, West Java, Tuesday (4/11/2024). This collaboration gave birth to a battery pack factory called PT Unified Advanced Battery System Indonesia (UABS). The factory shares are controlled by SAIC-CATL with a composition of 67 percent (SAIC 51 percent and CATL 49 percent), while the other 33 percent is owned by the Kentjana Group. As an initial stage, the UABS factory will assemble batteries for Morris Garage (MG) vehicles which are under SAIC. This assembly process uses battery components supplied directly from CATL. Currently, the domestic content level (TKDN) for these batteries is still around 10 percent, but this will continue to be increased over time. MG Motor Indonesia hopes that battery assembly in Indonesia can provide great benefits for consumers, especially in after-sales service. The existence of this factory will speed up the repair process if damage occurs to the electric car battery. "The existence of this factory will be very helpful if the battery malfunctions or is damaged. Repairs will be much faster because the components are already available here," said He Guowei, CEO of MG Motor Indonesia. Will MG Electric Car Prices Decrease? With the battery assembly collaboration between MG Motor Indonesia and PT UABS Indonesia, the question arises as to whether this step will reduce the price of MG electric cars in Indonesia. Currently, MG offers two electric car models, namely the MG4 EV and MG ZS EV, each of which is priced at around IDR 400 million. He Guowei, CEO of MG Motor Indonesia, stated that this assembly facility will indeed simplify the production process and reduce operational costs. "There is a positive impact on production costs which can make our car prices more competitive than before," said Hu Gouwei in Cikarang, West Java. However, the man who is familiarly called Alec emphasized that despite cost efficiencies, MG will not reduce the prices of the MG4 EV and MG ZS EV in the near future. He explained that price reductions can affect the perception of product value in the eyes of consumers. "Consumers definitely like price wars, but all brands have their own calculations. If the price goes down, the value of the product could also decrease in the eyes of consumers. For now, we will not reduce prices, even though this is one of consumers' hopes," explained Alec. This locally assembled battery is planned to be used in the latest MG model which will be launched in Indonesia. This facility allows MG to offer electric cars at more competitive prices. "This factory will make our products more competitive. We will use these batteries for our new products, thereby increasing the value and competitiveness of products, not only in terms of price, but also quality," added Alec. MG also plans to launch a number of new electric car models in the near future. With this facility, MG is optimistic that it can reduce the overall selling price of their electric vehicles. (SOURCE)
Nov, 15 2024
Bekasi, 4 Oktober 2024 - One of the programs of the Ministry of Tourism and Creative Economy/Tourism and Creative Economy Agency (Kemenparekraf/Baparekraf) entitled the IndoBisa (Indonesia Business Startup Matchmaking) 2024 program has now entered the fundraising bootcamp and mentoring stage. "The IndoBisa 2024 program has determined 30 finalist startup participants who will advance to the third stage of fundraising bootcamp and mentoring, before continuing with the fourth stage of pitching day," said Deputy for Industry and Investment at the Ministry of Tourism and Creative Economy/Baparekraf, Rizki Handayani, in his statement in Bekasi, Friday (4/ 10/2024). This mentoring exercise is useful for helping the selected finalists evaluate their readiness before starting the fundraising process. In the third stage which took place at the Harris Summarecon Hotel Bekasi, West Java, from 2 to 4 October 2024, as many as 30 finalist startup participants were guided by experts with experience in the field of investment and venture capital to help them prepare optimally. The mentors who guided the finalist participants consisted of Vice President Investment of Living Lab Venture, Edmund Caruli; Head of Investment BRI Ventures, Bima Setiaji; and Head of Investment, Genesia Ventures Elsha E. Kwee. Rizki Handayani explained that there were several things that were the main focus of the mentors, including assessing investment decks, financial modeling and financial valuation. These three things are important because startups with a solid business model have a greater chance of getting funding. "Investment readiness starts with improving and knowing strategies for dealing with investors, to obtaining investment. Investment readiness is one of the most important parts, in fact it is highly emphasized in this program," said Rizki. Director of Financing Access at the Ministry of Tourism and Creative Economy/Baparekraf, Anggara Hayun Anujuprana, added that the 2024 IndoBisa Bootcamp is also a space for the finalists to increase their network, increase the development of business ideas and open opportunities for collaboration between startups, as well as share experiences. "Through this bootcamp, it is hoped that the participants will be ready to meet venture capital," said Hayun. (SOURCE)
Nov, 12 2024
TRIBUNNEWS.COM, JAKARTA - Coordinating Minister for Economic Affairs (Menko Ekonomi) Airlangga Hartarto stated that domestic investment must be able to grow 10 percent so that economic growth can reach 8 percent according to the target of Indonesian President Prabowo Subianto. According to him, apart from investment, the government also needs to encourage exports in the downstream sector, service sector and new economic development to achieve this target. He conveyed this at the National Coordination Meeting of the Central Government and Regional Government at the Sentul International Convention Center (SICC), Bogor Regency, West Java, Thursday (7/11/2024). "What we have to encourage is that we must maintain the consumption sector, investment must grow by around 10 percent, and exports grow 9 percent, and the sector remains downstream, the service sector, tourism, construction and housing, the digital economy, the development of a new economy, namely semiconductors , and energy transition," said Airlangga. Airlangga said that Indonesia could become the highest green energy producer in the world. This has been proven by the development of 10 gigawatts of hydro energy in North Kalimantan. "Then, the areas we are building there could also become new growth centers, where they could become centers of industry, green hydrogen, ammonia, even for other downstream industries," said Airlangga. According to Airlangga, Indonesia can achieve economic growth of 8 percent. Because this happened during President Soeharto's leadership. At that time, the Indonesian economy grew 8.2 percent, driven by the manufacturing, industrial, textile, automotive, construction and investment sectors which grew at a high rate of 14.6 percent. Apart from that, growth in household consumption and exports in the Crude Palm Oil (CPO), textiles and oil and gas (oil and gas) sectors. "So, if the President asked us to grow by 8 percent, this is possible, because we have achieved that," he explained. (SOURCE)
Nov, 12 2024
TRIBUNJABAR.ID, BANDUNG - Muhammad Romli, member of Commission III of the West Java DPRD from the PPP party encourages the Provincial and Regency/City Governments in West Java to create an investor-friendly investment climate. Romli said, there are many benefits to be gained from the presence of investors, ranging from employment opportunities to economic improvement in investment areas. "In order to attract investors, the government must make investors comfortable, especially since there will be new toll roads in several areas," said Romli, Wednesday (6/11/2024). According to him, the large number of toll road accesses that have been built should have an impact on improving the economy. "If we look at Jakarta, currently Bogor and Bekasi, but with Cisumdawu and the new toll road, we can attract even more investors," he said. "But, what investment and that is a common thought. So, how can the provincial and regional governments create a friendly investment climate for investors," he added. Based on data, he said, in 2023 the Government is targeting investment entering West Java of around Rp. 188 trillion. "This has exceeded the target of IDR 210 trillion. This year, the target has increased to IDR 250 trillion. This must be monitored until December whether it is achieved or not, but at least there will be an increase in investment from 2023 to 2024," he said. This increase in investment, said Romli, must be directly proportional to labor absorption to reduce unemployment. "If investment increases, it should open up job opportunities, this is what the government must pay attention to. So, in order for those who have invested to continue, a more friendly investment climate must be created," he said. (SOURCE)
Nov, 12 2024
Jakarta (ANTARA) - Apple Inc. reportedly proposing an investment of nearly IDR 158 billion to produce more products in Indonesia, as a step to lift the ban on sales of the latest iPhones in the country. As quoted from the South China Morning Post, Tuesday (5/11), this plan involves establishing a factory in Bandung, West Java, in collaboration with a list of suppliers, according to a source who did not want to be named because he was not authorized to provide a public statement. The facility is planned to produce accessories and components for Apple devices. Apple has submitted its proposal to the Ministry of Industry, which last month blocked sales permits for the iPhone 16 on the grounds that the US company's local unit had not met the Domestic Component Level (TKDN) requirement of 40 percent for cellphones and tablets. The ministry is currently considering the proposal, which is not yet final and subject to change, and is expected to provide a decision soon, the source said. Neither Apple nor the Ministry of Industry responded to requests for comment. It is known that the Ministry of Industry will deactivate the International Mobile Equipment Identity (IMEI) serial number for iPhone 16 products that are proven to be sold domestically. This is because the latest series made by the giant company Apple has not been able to enter the domestic market, considering that there are investment commitments that have not been completed, so they have not yet obtained a Domestic Component Level (TKDN) certificate as an absolute requirement for selling in Indonesia. To get this certificate, Apple must invest in three schemes, namely the creation of a manufacturing factory, innovation, or through an application creation scheme. This is because the latest series made by the giant company Apple has not been able to enter the domestic market, considering that there are investment commitments that have not been completed, so they have not yet obtained a Domestic Component Level (TKDN) certificate as an absolute requirement for selling in Indonesia. To get this certificate, Apple must invest in three schemes, namely the creation of a manufacturing factory, innovation, or through an application creation scheme. (SOURCE)
Nov, 12 2024
President Prabowo Subianto and the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY) met in Cikeas, Bogor, West Java, Monday, November 4 2024. The two discussed the formation of a new investment institution. "Pak Prabowo held a meeting with Pak SBY, among other things, discussing the formation of an investment institution that would be formed," said Gerindra Party DPP Daily Chair Sufmi Dasco Ahmad, quoted Tuesday, November 5 2024. Dasco did not specify the nomenclature of the investment institutions. He stated that SBY had experience leading Indonesia for 10 years. As a friend, he said that President Prabowo usually exchanged ideas with SBY. "Mr SBY has 10 years of experience in leading the Republic of Indonesia, of course as friends and comrades he is used to exchanging ideas," he said. Previously, President Prabowo Subianto met the 6th President of the Republic of Indonesia Susilo Bambang Yudhoyono (SBY). The meeting took place at SBY's residence in Puri Cikeas, Bogor, West Java. The general chairman of the Democratic Party, Agus Harimurti Yudhoyono (AHY), announced this meeting at the Democratic Party's National Technical Guidance (Bimtek) activity in Central Jakarta. (SOURCE)
Nov, 12 2024
Karawang, Jawa Barat (ANTARA) - The Investment and One Stop Integrated Services Service of Karawang Regency, West Java, recorded that investment realization in Karawang until the third quarter of 2024 reached IDR 48.6 trillion or has exceeded the 2024 target of IDR 42.7 trillion. Head of the Karawang Regency Investment and One-Stop Integrated Services Service, Wawan Setiawan in Karawang, Wednesday, said that the investment realization achievement was quite high and even exceeded the target that had been set. "This year's investment realization achievement is very high, exceeding the target set by the central government of IDR 42.7 trillion," he said. He said that from the investment realization in the third quarter amounting to IDR 48.6 trillion which went to Karawang, the highest investment achievement came from foreign investment. It was stated that the realization of foreign investment amounted to IDR 42.05 trillion. Meanwhile, domestic investment achievements only reached IDR 6.6 trillion. According to him, from the investment achievements that entered Karawang, labor absorption in the January-September period was 16,660 people. Wawan said that the high realization of investment in Karawang was driven by the large number of foreign investors coming to Karawang. His party encourages large entrepreneurs to collaborate with MSMEs to create jobs. This was conveyed because even though the realization coming into Karawang was quite high, the majority of investors coming into Karawang were capital-intensive entrepreneurs who used high technology. "This capital-intensive company doesn't use too much labor. Instead, it relies more on technology so it doesn't absorb too much labor," he said. (SOURCE)
Nov, 07 2024
Bandung (ANTARA) - The West Java Provincial Government hopes that a business meeting between West Java business actors and a delegation from Heilongjiang Province, China, in Bandung, Tuesday, will increase the opportunity for investment realization in the Bamboo Curtain Country in West Java. Head of the West Java Industry and Trade Service (Disperindag), Noneng Komara Nengsih, revealed that during the activity at one of the hotels there were members of the delegation who were interested in investing in West Java. "There are those who express interest. West Java itself always opens its doors as wide as possible for investors to enter and open a business. From anywhere, as long as it meets the permits, it is very possible to invest," said Noneng in Bandung. Some of West Java's potential that is a factor in attracting investors to enter, he said, is related to high technology, both electronic equipment and food technology. "Because it is already advanced there. Maybe we should study the technology," he said. In this business meeting, 40 business actors from West Java met together with 34 delegates from Heliongjiang Province, with several processed food products, agricultural commodities such as coffee and herbs, as well as handicrafts being offered. It is hoped that from this event investors will be interested in buying, thereby increasing the number of West Java exports abroad. It is known that in 2023 it is targeted that investment realization in West Java will reach IDR 188.03 trillion and will reach around IDR 210.6 trillion. The West Java Provincial Government is optimistic that the 2024 investment target of up to IDR 250 trillion can be achieved by reflecting on West Java investment realization in 2023. (SOURCE)
Nov, 07 2024
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